David Cameron will begin work today on putting together his historic new coalition government with the Liberal Democrats.

Following his triumphant arrival last night at No 10, the new Conservative Prime Minister declared that it would be a "full and proper" coalition between the two parties.

No 10 confirmed that Nick Clegg had been appointed Deputy Prime Minister, serving as one of five Lib Dem ministers in the new administration.

They are thought to include his chief of staff Danny Alexander, who is being tipped for Scottish Secretary, and children's spokesman David Laws - both members of the Lib Dem team which negotiated the coalition deal with the Tories.

Other posts confirmed are George Osborne as Chancellor and William Hague as Foreign Secretary. Liam Fox as Defence Secretary and Andrew Lansley as Health Secretary are also thought to have retained their shadow cabinet portfolios.

On the Lib Dem side it is thought that there will be Cabinet jobs for Treasury spokesman Vince Cable and home affairs spokesman Chris Huhne, as well as a number of junior postings. The appointment of so many Lib Dem ministers means that a number of Tory shadow ministers will be out of luck and one of Mr Cameron's first tasks may be to placate those who are among the disappointed.

Details of the power-sharing agreement hammered out over five days of negotiations began to emerge in Westminster briefings. Under the terms of the deal the UK will move to five-year fixed-term parliaments with the next election to be called on the first Thursday of May 2015.

On the central issue of reducing Britain's record £163 billion deficit, they will go ahead with the Tories proposed £6 billion of spending cuts this year.

Gordon Brown, whose dramatic resignation on Tuesday night paved the way for the new government, was back home in Scotland with his wife Sarah and their two children.

It is thought that he will now stand down as an MP and quit politics altogether - friends said that they expect him to concentrate on charity work.

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